Downtown San Mateo Office Space

Downtown San Mateo

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
3,550
As of: December 2, 2016

Downtown San Mateo Rates

On average, listings lease in the $70's per square foot per year. The Downtown San Mateo region is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Silicon Valley market, the Downtown San Mateo submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Downtown San Mateo Listing Supply

In the last 90 days, 29 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Downtown San Mateo are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1967 and are Class B.

Downtown San Mateo Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown San Mateo occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown San Mateo.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown San Mateo.
Research